The Wednesdays trading session belonged to the bulls who seemed to be in control from the morning trading session itself. The Positive trigger for the indian equity markets on wednesday was the RBI Governor meet at 10am.
The Indian Markets maintained the positive outlook after the Rbi meet. The Pharma and Financial stocks gained on back of some measures announced by the RBI Governor.
Sun Pharma, Kotak Bank, Axis Bank, IndusInd Bank, ICICI Bank, Dr Reddy's, Titan and TCS were the major gainers on Wednesday.
Bajaj Finance, Asian Paints and HUL were on the losing side.
NSE Nifty finally closed at 14,617 (+121) whereas the Sensex closed at 48677(+424 ) at wednesday's closing bell.
Most Market analysts believe that the markets will be moving upwards in the near term.
The Banking , Pharma Sector and the Metals Sectors will be keenly watched by the traders.
The Foreign institutional investors sold on Wednesday Rs 1110 Crores whereas the Domestic institutional investors sold Rs 240 Crores.
FII’s starting to buy will help the bulls to make a move towards 14800 nifty levels.
Most experts expect the indices to continue to be positive with the expiry expected at 148000 Nifty levels.
There seems to be a possibility of the Banking , Pharma Sector, Metals going up in the coming days.
The private banks like HDFC Bank, Icici Bank , Federal Bank, Indusind Bank will move up in case of any positive triggers.
PSU Banks like SBI, Canara Bank, Bank of Baroda can be accumulated in SIP manner for decent gains in near future.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will under the radar of the traders.
The I.T Majors are looking to bounce back in the coming days.
Tata Motors, Ashok Leyland, Tvs Motors will be in the radar of traders.
Pharma stocks like Sun Pharma, Cadila , Dr Reddy’s, Lupin, Divi’s Lab, Cipla, are expected to do good in the near term.
Cement stocks like Grasim , Shree Cement , Dalmia Bharat ,Ramco Cement are likely to show strength in the short term.
The market seemed to have turned bullish with traders looking for positive local cues for taking nifty upwards to 14800-15000 levels..
The stocks to keep an eye on in the Indian equity markets will be the Pharma, Banking, Pharma, I.T Sector, Cement Sector Stocks.
# 5 Banking Stocks: Icici Bank , Federal Bank , RBL Bank, Indusind Bank, Kotak Bank.
#5 NBFC Stocks: , Bajaj Finserve, Bajaj Finance, HDFC LTD, IBull Housing, Shriram Transport.
# 5 Pharma Stocks: Cipla, Cadila, Lauras Labs, DrReddy’s, Sun Pharma.
#5 Information Technology Stocks: Tech Mahindra, HCL Tech, Infosys, TCS, Co- Forge.
#10 Other Main Stocks to watch out for on this Thursday Morning in the Indian Equity Markets:
Deepak Nitrate ,Vedanta, JSW Steel, Reliance, Tata Motors, ,Graphite, Eicher Motors, Hindalco, India Bulls Housing LTD, M&M..
The view in the Indian equity Markets is that the volatility in the markets will remain.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
6th MAY Stock Picks — Eicher Motors, Hindalco, India Bulls Housing LTD, M&M.
( Watch YouTube Video Analysis here– https://youtu.be/IcKazBD_vQU )
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Cheerful Trading !!
